Partnership & LLP difference

23 August 2021

please explain difference between LLP & PARTNERSHIP FIRM ?

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CA Amit Shingala (PRACTICE) (164 Points)
Replied 24 August 2021

Llp ..there is liability for the partners whereas in case of partnership firm there is unlimited liability

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ABDUL RAHIMAN THAJUDDEEN (Consultant) (23 Points)
Replied 24 August 2021

LLP Compliance Mandatory to file the annual return to Ministry of Corporate Affairs. You can get LLP Annual filing

Partnership Firm No requirement of annual return filing

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